Charlty reglstration number 241383 BARNSBURY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
BARNSBURY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusteeg Sir H Brunner L8dy M R 8runner Mrs l M Sharp Charlty number 241383 Prlnclple Offlce 26 Norham Road Oxford OX2 6SF Goveming doeument Trust Deed dated 22 October 1964 Independent examiners Crrtchley5 Audlt LLP 8eaver House 23-38 Hythe Bridge Street Oxford OX1 2EP Bankers Natwest Bank plc 18 Market Place Henley-on-Thames Oxon RG9 2AP Solicitors Freelhs SoSicitors 5000 Oxford Business Park South coeY Oxford OX4 2RW
BARNSBURY CHARITABLE TRUST CONTENTS Page Trustees report Statement of trustees responsibilibe8 Independ8nt examinerfs report statement of financi81 aCt[tieS Balance sheet Notes to thg finanaal statemets 7- 11
BARNSBURY CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2023 The fin8ncial statements have been prepared in ar£ordance with the 8ccounting policie5 set out in note 1 to the financial statements and cornpW wilh the Charws Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their 8ccounts in accordance vthth the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021" leffective 1 January 20191. Objective5 and #etlvltleg The trust's objectives are to provide income for eharitable institutions and charitable purposes al the discretion of the trustees. with a special conrTh for Oxfordshire. The Trust does not consider applications from individuals. The Twstees are directed to apply the Income or capital of the Trust Fund to such charitable purpose or purposes and in such proportion as ihey rnay from tirne to time in their sole discretion think fit. The Trustees conffimi that they have refetre<t to the guidance contained in the Charity Commisslon's general guidance on public benefit when reviewSng the Trust's aims and objeclives 8nd In planning future activities and setting the grant making policy fof the year. Achievements and perfomiance The Trust has established its grant maklng policy to achieve its objects for the public benefft. Grants were made in line with thi5 policy during the year as set out in note 510 the accounts. Flnanclol revlew The Trustees 8re aware of iheir duly to apply income fund5 of the charity within a reasonable lime of their receipt and of the need to justfy any income reserves. At 5 Aprll 2023, the level of such income reserves was £8,239,822 (as cornp81ed with total income r8setves of £8.219,814 at S April 20221. The Trustees, policy 15 to maintain sufficient incorne SerVeS lo produce investment incorne of a level adequate lo meet anticipated charitable expenditure, wth small amount available lof contingencRs. Trustees held the 8ssets of the trust in accordance with their powers during the year. The Trustees have absolute discretion lo invest the funds of the Trust,. no restrictions are placed on these powers. The Trustees, policy for the selection of investments for the charity is to seek to achieve a balance between income and capital growth. The Trust has a policy of retaining sufficient unrestricted reserves to finance ils planned programrne and meet its luture financial oblig8lions. For this purp95e, the Trustees monitor financial perfomance and forec8St future commilmenis and r8serve5 for a minimum of 18 months ahead. Plans for future p8rlods The Trustees propose to contlnue the policie5 Outlined above in future years. Structure, governance and management Bamsbury Charitable Trust was established under a Trust deed dated 22 October 1964. New Trustees are appnted erther to fill a casu81 vacancy or by way of addition lo the Board. Particular emphasis is placed upon the appointment of Trustees with knowledge and experience relevant to the Trust's charit8ble activities. en new Trustees ale appointed they are given an introduction to the work of the Trust and provided with the information they need to fu5fil their roles, which includes infomiation about the role of the Trustees and their responsibilities under the Charities Act 2011. The Board ol Trustees meet regular to administer the charty and to take decisions about the distrlbution of charitable funds. The Trustees have identified the major risks whith may affect the charY and have tsken reasonable step5 to mitig810 those risks.
BARNSBURY CHARITABLE TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 The Trustees who served during the year and up lo the datfj of slgnalure of Ihe financial statements were: Sly H Brunner Lady M R 8runner. Mrs l M Sharp Tha Iruslees report was approved by the Board of Trustees. SirHB Trustee nnar Date..
BARNSBURY CHARITABLE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2023 The Trustees are responslble for preparing the Trustees Report and the finanaal statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Klngdom Generalty Accepted Accounting Practice). The law applicable to charities in England and Wales requires thè Trustees lo prepare financial slaternents for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming iesources and application of resources of the Charty lor that year. In preparing Ilie5e finanaal statements, the Trustees are requiied to.. select SLSitable accounting policies 8nd then apply them consi$lenty', observe the methods and principles in the C*arits'e3 SORP., make judgernents 8nd eslmates that are Teasonable and prudent., state whether applicable accounting standards have been followed. subject to any material departures disdosed nd explained in the financial 5tstements', and Ppare Ihe financial staternents on the going concem basis unless 1118 Inappropriate to presume that ihe charity will continue in opefatlon. The Trustee5 are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any lim& the financial posrtion of the Charity and enable them to ensure that the financial statements comply wth the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible lor safeguarding the 355ets of the Charity and hence for tsking fe850nable steps for the prevenbon and detection of fraud and other irregularities.
BARNSBURY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNSBURY CHARITABLE TRUST I report to the Trustees on my examination of the financial statements 01 8arnsbury Charit8ble Trust (the Charity) for the year ended 5 April 2023. ResponsibilitTr8s and basls of report As the Trustee5 01 the Charity you are responsible forthe pParatIon of the financial staternenls in accordance with the requirements of the Charities Act 2011 (the 2011 Act). l report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act. In carrylng out my examination I have followed all the applicable Direction5 gThien by the Charity Comrnis5ion under section 14515llbl of the 2011 Act. Indèpendent examingrf5 Statement Your attention is drawn to the fact that the charity ha5 prepared financial ststements in accordance wth Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting stanijard applicable in the UK and Republic of Ireland IFRS 1021 in pieference to the Accounting and Reporting by Charities.. Statetnent of Recommended Practice issued on fj Aprll 2005 which is referied to in Ihe extant regulations but has now been withdrawn. l under8tand that this has been don8 in order for financial statements to provide a twe and fair view in accordance wth Generally ACpted Accounknng Practice effective for reportlng periods beginning OTh or after 1 January 2015. I have completed rny examination. I confirm that no matters have come to my attention in connection with the examination givin9 me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act.. or the financial statements do not accord th those records, or the financi81 stslements do not comply with the applicable requirernents ConmIng the forrn and content of accounts set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and f8ir view which is not a matter considered as part of an independent examlnation. I have no concems and have come across no other rnatters in connection writh the examin8b.on to which attention should be drawn in this report in order to enable a proper under8tsnding of the financA81 $18tements lo be reached. //ffi• Robert Kirtland FCA Crilchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX12EP Dated. ..lQJ.SJ21)2a......
BARNSBURY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023 Unrestricted Unrestrlcted funds lunds 2023 2022 Notes Income and endowinents trom: Inve5ttnents Donations Bank Interest 165,179 154,850 19,645 14 763 Total Incorne 165,942 174,509 Ex Charitable activities 145,934 171,879 Net gainslllossesl on investments 1,117,158 Net movement in funds 20.008 1.119,788 Fund balances al 6 April 2022 8,219.814 7,100,028 Fund balance8 at 5 Aprfl 2023 8,239,822 8,219,814 The statement of finhncial aC'vitieS includes all gains and losses recognised in the year. All income 8nd expendrture derNe trom continuing activities.
BARNSBURY CHARITABLE TRUST BALANCE SHEET ASAT5APRIL 2023 2023 2022 Noto5 Flx•d as$et$ Investments 8,047,671 8.047,671 Current assal$ Cash al bank and in hand 193,671 173,593 Crodltors- amounts falllng du• whhln ona yèar 11,5201 11,4501 Net current assets 192.151 172,143 Total assets loss current Ilabllltlos 8,239,822 8.219,814 Income fund8 Unreslricied funds 8,239,822 8.219,814 8,239,822 8.219,814 e financial slalements were approved by the Trustees on . SirHB Truste6 nner
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting polieles Charity inforniatlon Bamsbury Charitable Tiust is a charity reglstered in England 8nd Whales. In preparing the accounts the follwng accounting poliries have been complled with.. 1.1 A¢countlng eonventlon The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanrial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 leffedive 1 January 20191 The Charity is a Public 8enefit Entity as defined by FRS 102. The Charity has taken advantage ol the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The fin8nci81 statements hav8 b8en prepared under the historical cost convention, except for investments which aTe shown al market value. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the tSme of approving the financial statement5. the Trustees h8ve a reasonable expectation that the Charity has adequate resources to continue in operational existen for the foreseeable future. Thus Ihe Trustees continue to adopt the going concern b8sis of accounting in preparing Ihe financial statement5. 1.3 Ineome Incorne is generally recognised on a receiv8ble basis and reported gross of related expenditure. where the arnOnts are reasonably rtain and when there is adequate rtaintY of receipt. The following specific policies are applied to particular categories of incorne.. Income arising on investments. together with any associated tax credit is recognised in the y8ar in which il is receivablo. Interest on deposit accounts is credited in the year in which it is received. 1A Expenditure Expenditure is accounted for on an accnjals b8sis and gros5 of any related income. Costs are dassthed undei he8dings that aggregate all costs related to the category. Vvhere costs cannot be directly atlrlbuted to particular headings, they have been allocated lo activitses on 8 basis consistent with the use of resources. Cosis of charitable activity comprise direct expenditure induding donations. Expenditure on donations 1$ recorded once the Trust has made an unconditional commitment to pay the donation5 and this is communicated to the beneficlary or the donation has been paid. whichever is the earfier. Govemance costs include those costs, such as independent examiner's l auditor's fees, associated with ¢onstitutional and statutory requirements. 1.5 Fixed asset Investments Investments are included in the b81&n sheet at Market value. Quoted investments have been valued at Middle market prices at. or within a week of, the balance street date. Gains or losse5 arising on revaluation to market value are credited or charged in the Statement ol Financial Actlvlties as they arlse. These are held in the name of the tru5tee$ and the appropriate investment certifileS were held by Messrs Lawrence Graham on behalf of the trustees at the date ol these accounts. During the period of these accounts Lawrence Graham has not received any sums in SpeCt of shared comrnission.
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2023 Investments Unrestrlcted Unrestricted lunds funds 2023 2022 Dividend5 received 165,179 154.850 Charitsble aetlvttles 2023 2022 Grants (see analysis below) Bank charges and interest Independent examinerfs fees Underlloverl Provision of last yearfs fees 144,350 14 1,520 50 170,386 43 1,450 145,934 171,879 145.934 171,879 The ch8rity did not undertake any chariiable activilies directly, but met it5 charit8ble purposes by making grant5. Grants 2023 2022 Grants 144,350 170.386 2023 2022 Abbey Church of Sl PetefS & St Paul. Dorchester on Thames Anglican Centre in Rorne Archway Asylum Welcome Beach Guardian Bible Reading Fellowship Blackfriars, Overseas Trust Blackfriars, Oxford Catalyst Science Di5eovery Centre Ch8rilles FOundaton Chelsea Physic Garden 10,000 5,1YJO 2,500 2,500 10,000 5.000 5.000 soo 3,000 10,000 1,500 1.000 20,000 1,000
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Grants Icontlnuedl Cheney School Association Christian Aid Dorchester Abb8y Preservation Trust Doithester Festival English Music FestNal Friends of the Bodleian Friends of Chnst Church Calh8dral Goring in Tharne8 PCC Growing INell Landmark Trust London Library Low Carbon Oxford North Mulbery Bush Organisation Music 8t Oxford Orchestra of St Johns Oxford and District Mencap Oxford Bolanlcal Garden and Arboretum Oxford Chamber Mu5Ic Foundation Oxford Oratory Trust Oxford WinteT Night Shelter My Vision Oxfordshire IFom)ety Oxfordshire Assoclation for the Blindl Oxfordshire Chinese Community and Adwce Centre Oxfordshire Community Foundation Oxfordshire Historic Churche5 Trust Oxfordshire Museum Oxfordshire VCH Trust Oxfordshire Youth PCC of St Giles Church Oxford PCC of Sl Nicholas, Rotherfield Greys Peeple (Growing minds) Pegasus Theatre Trust Raw Workshop Rose Hlll and Donnington Adviee Centre St Luke's HosPIt81 Oxford st. Hilda's College Oxford SW Coast Path Association Trinity College Oxford The Berin Centre The Dorninican Council The Earth Trust The Porch. Oxford Ullel Road Unilarian Church Watlington Concert Band Wheatley Windmlll Preservation Trust Wild Oxfordshire Wolvercote Young People's Club 5,rx)o 500 250 3.000 3,000 250 3,0 100 5,000 500 6,500 1,000 1,500 5,000 5,000 5,500 500 3.500 3.000 5,000 5.000 100 5.000 2.500 2,000 5,000 10,000 250 10.000 2,500 6,500 4,000 2,OLK) 10,OLK) 5,OQX) 2,500 5,0(KJ 10.0(X) 250 5.000 24.000 10.000 1,000 2.500 1,000 5,000 1,000 36 5,000 5,0(M) 5,000 5,000 2.500 2.500 SCK) 2.500 2.500 3.000 10,0 144,350 170.386
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 TNstees None of the Trustees IOT any persons connected with thernl recefved any Temuneration or benefrts frorn the Charity during the year. Net galnslllosse¥l on Investments Total Unrèstricted funds 2023 2022 Revaluation of investments 1,117,156 Fixed asset Investments Imiestment¥ Cost or valuation At 6 Apfil 2022 & 5 April 2023 8,047,671 Carrying amount At OS April 2023 ,047,671 At 05 April 2022 8,047,671 Investments 2023 2022 Investments Market value at 5 April 2023 ,047,671 .047,871 Nomlnal value Book eost Market value Th• Brunnef Investment Trust plc.. 13,333 pr8feTence shares of £1.00 each 765,175 ordinary shares of 25p each 13.333 191,293 13,333 1,401.631 13,333 6,917,182 Held at 6 April 2022 204,626 1.414,964 8,047,671 Movement in brought fOard Market Value Held at 5th April 2023 204,626 1,414,4 8,047,671 All inveslrnents are held primarily to produce 8n Investment retum for the charity. 10-
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Creditors.. amounts falling duè wothln one year 2023 2022 Accruals and deferred income 1,520 1.450 10 Relatèd party tran6actlons No donations from Trustees were received in the year.12022.. £19,645). 11